Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    18115 N 41 HW Lutz, FL

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    10,000 SF office complex in Lutz, Florida.

    Type:OFFICE
    Property size:
    10,000 SF
    Lot size:
    1.11 Acres
    Added:
    Jun 19, 2025
    Days on Market:
    289
    Last Refresh:
    Apr 1 at 8:05 pm

    Property Features for 18115 N 41 HW

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Lot size
    1.11 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Jon Slater
    Jon Slater

    Listing agent Jon Slater

    Listing office Lincoln Property Company | Tampa

    Listing date Jun 19, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Lincoln Property Company | Tampa

    Overview

    Lutz Suburban Office Complex

    Pelwood Square is a 10,000 square foot single-story suburban office complex comprised of two buildings, situated in Lutz, Florida, near Interstate 275 at the Bearss Avenue interchange. Constructed in 1987, the brick exterior buildings feature a courtyard setting, ample parking, and a building monument sign for tenant signage. The property has been well-maintained, with a new roof added in 2022 and a new septic field added in 2025. The property is currently 100% leased to seven tenants. The most recent lease was for $25.00 per square foot on a modified gross basis. The property is suitable for tenants focused on leasing or an owner-user seeking to partially occupy the property.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Lutz
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4807
    Latitude
    28.1341

    Nearby Similar for Sale

    • $1,500,000
      3,098 SF

      Versatile Property Near Van Dyke Road

      10-acre property with seven buildings, ideal for redevelopment or business.
      17515 LAKESHORE ROAD, LUTZ, FL 33558
      View Details
    • $2,000,000
      6,088 SF

      Lutz Property with Multiple Buildings

      Five-acre property with five buildings suitable for various uses.
      17500 MARSH ROAD, LUTZ, FL 33558
      View Details
    • $1,100,000
      3,018 SF

      Move-in Ready Lutz Office Building

      Spacious, updated office building with high-end finishes and ample parking.
      18540 N DALE MABRY HIGHWAY, LUTZ, FL 33548
      View Details
    • $104,500

      Gated RV Park Lot

      RV lot with travel trailer in nudist community.
      20300 LEONARD ROAD, LUTZ, FL 33558
      View Details
    • $175,000
      1,311 SF

      Lutz Duplex: Investor Opportunity

      Value-add duplex in Lutz/Wesley Chapel corridor, priced for fast sale.
      4965 STEEL DUST LANE, LUTZ, FL 33559
      View Details
    • $799,995
      2,500 SF

      Lutz Professional Office For Sale

      Professional office space in Lutz, Florida, with backup generator.
      17749 HUNTING BOW CIRCLE, LUTZ, FL 33558
      View Details
    • $2,500,000
      4,016 SF

      Remodeled Office Building on Highway

      Freestanding office building on 1.48 acres with expansion possibilities.
      21859 STATE ROAD 54, LUTZ, FL 33549
      View Details
    • $5,069,767
      2,493 SF

      Chipotle NNN Investment Opportunity

      Long-term NNN lease with corporate guaranteed Chipotle.
      17951 N Dale Mabry Hwy, Lutz, FL
      View Details
    • $3,875,000
      21 SF

      Tampa North Aero Park

      21-acre aviation park with multiple income streams for sale.
      4241 Birdsong Boulevard, Lutz, FL, 33559
      View Details
    • $104,500

      Gated RV Park Lot

      RV lot with travel trailer in a nudist community.
      20300 LEONARD ROAD #78, LUTZ, FL 33558
      View Details
    • $3,900,000
      3,232 SF

      Profitable Turnkey Medical Clinic Opportunity

      Established medical clinic for sale with real estate and business.
      17929 Hunting Bow Circle, Lutz, FL 33558
      View Details
    • $4,833,888
      7,153 SF

      New Retail Center For Sale

      New construction retail center with long-term tenant leases.
      24791-24799 State Rd 54, Lutz, FL
      View Details

    FAQs

    What type of property is this?
    Office building - 10,000 SF office complex in Lutz, Florida.
    Where is this office building located?
    The property is located at 18115 N 41 HW Lutz, FL.
    What are key features of this property?
    This property features: 100% leased to seven tenants, providing immediate income.; New roof (2022) and septic field (2025) indicate excellent maintenance.; Located in Lutz, Florida, near Tampa and Interstate 275 (Bearss Avenue interchange).
    (813) 505-3612 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jon Slater
    Jon Slater
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!